ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO) Shares Gap Up – Still a Buy?

ProShares Ultra Bloomberg Crude Oil (NYSEARCA:UCO)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $37.20, but opened at $40.60. ProShares Ultra Bloomberg Crude Oil shares last traded at $40.15, with a volume of 2,290,897 shares traded.

ProShares Ultra Bloomberg Crude Oil News Roundup

Here are the key news stories impacting ProShares Ultra Bloomberg Crude Oil this week:

• Positive Sentiment: President Trump signaled two-to-three more weeks of strikes on Iran and warned energy infrastructure could be targeted if Tehran doesn’t agree to terms—comments that lifted oil and risk premia, supporting UCO’s rally. Trump signals two to three more weeks of Iran strikes
• Positive Sentiment: Major banks (UBS, JP Morgan) warned the Iran conflict is deepening a structural repricing of energy risk and flagged much larger potential upside for oil—analyst warnings drive flows into leveraged crude products like UCO. Trump signals two to three more weeks of Iran strikes
• Positive Sentiment: Real-time market moves: oil surged toward and above $100/bbl on escalation headlines, keeping bullish momentum intact and favoring 2x long crude exposure. Trump’s threat to hit Iran ‘extremely hard’ jolts Asian stocks, U.S. futures and oil
• Positive Sentiment: Goldman Sachs and other research note severe flow disruption through the Strait of Hormuz (flows collapse), reinforcing tight global supply expectations that support higher crude prices and UCO gains. Goldman Sachs: true impact of Strait of Hormuz blockade
• Positive Sentiment: High-volume purchases of UCO call options indicate speculative and hedged bets for further upside, amplifying short-term demand for the ETF. Investors Buy High Volume of Call Options on UCO
• Neutral Sentiment: OPEC+ sources say the group may weigh an output increase at an upcoming meeting—if implemented when the Strait reopens, added barrels could cap upside, creating offsetting pressure on UCO over time. OPEC+ likely to weigh further oil output hike
• Neutral Sentiment: Analysts warn of possible demand destruction or rationing if high oil prices persist—this longer-horizon risk could limit how high crude (and thus UCO) can run. Trump’s Iran timeline may not be short enough to avoid oil demand destruction
• Negative Sentiment: IEA and other policymakers are weighing releases from strategic reserves to ease supply tightness—such coordinated releases could cap or reverse oil gains, which would hurt UCO. IEA warns supply crunch may worsen as it weighs reserve releases
• Negative Sentiment: U.S. crude inventories have posted consecutive builds, a factor that can put downward pressure on prices if builds accelerate—this is a near-term headwind for UCO. U.S. crude supplies post sixth straight weekly build

ProShares Ultra Bloomberg Crude Oil Price Performance

The stock has a fifty day moving average price of $29.82 and a 200 day moving average price of $23.94.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in UCO. Corient Private Wealth LLC bought a new stake in shares of ProShares Ultra Bloomberg Crude Oil during the fourth quarter valued at about $859,000. Quadrature Capital Ltd bought a new position in shares of ProShares Ultra Bloomberg Crude Oil in the fourth quarter valued at approximately $334,000. Headlands Technologies LLC purchased a new position in ProShares Ultra Bloomberg Crude Oil during the fourth quarter valued at approximately $397,000. Simplex Trading LLC purchased a new position in ProShares Ultra Bloomberg Crude Oil during the fourth quarter valued at approximately $201,000. Finally, Baker Avenue Asset Management LP increased its holdings in ProShares Ultra Bloomberg Crude Oil by 52.8% during the 4th quarter. Baker Avenue Asset Management LP now owns 115,750 shares of the exchange traded fund’s stock worth $2,236,000 after acquiring an additional 40,000 shares during the period.

About ProShares Ultra Bloomberg Crude Oil

ProShares Ultra DJ-UBS Crude Oil seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones UBS Crude Oil Sub-Index. The Dow Jones-UBS Crude Oil Sub-Index is intended to reflect the performance of crude oil as measured by the price of futures contracts of sweet, light crude oil traded on the New York Mercantile Exchange (the NYMEX), including roll costs, without regard to income earned on cash positions.